ArcelorMittal (MT) reported $15.2 billion in income for the quarter ended September 2024, representing a year-over-year decline of 8.6%. EPS of $0.63 for a similar interval compares to $1.10 a 12 months in the past.
The reported income represents a shock of -3.58% over the Zacks Consensus Estimate of $15.76 billion. With the consensus EPS estimate being $0.58, the EPS shock was +8.62%.
Whereas buyers intently watch year-over-year adjustments in headline numbers — income and earnings — and the way they examine to Wall Road expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
Since these metrics play an important function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher challenge a inventory’s worth efficiency.
Right here is how ArcelorMittal carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Crude metal manufacturing – NAFTA: 1,652 Kmt in comparison with the two,177.37 Kmt common estimate based mostly on three analysts.
- Shipments Metal – Complete: 13.4 Kmt versus the three-analyst common estimate of 13.62 Kmt.
- Iron ore cargo – Mining: 6.3 Mmt in comparison with the 6.55 Mmt common estimate based mostly on three analysts.
- Shipments Metal – Europe: 6,803 Kmt versus 6,920.37 Kmt estimated by three analysts on common.
- Shipments Metal – Brazil: 3,787 Kmt versus the three-analyst common estimate of three,632.46 Kmt.
- Shipments Metal – NAFTA: 2,408 Kmt in comparison with the two,532.9 Kmt common estimate based mostly on three analysts.
- Crude metal manufacturing – Europe: 7,870 Kmt in comparison with the 7,576.52 Kmt common estimate based mostly on three analysts.
- Income- NAFTA: $2.76 billion versus $2.93 billion estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a -13.4% change.
- Income- Brazil: $3.22 billion versus the three-analyst common estimate of $3.17 billion. The reported quantity represents a year-over-year change of -9.6%.
- Phase Income- Sustainable Options: $2.54 billion versus the three-analyst common estimate of $2.53 billion.
- Income- Mining: $589 million versus $625.45 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a -19.2% change.
- Income- Europe: $7.14 billion versus $7.20 billion estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a -19.7% change.
View all Key Company Metrics for ArcelorMittal here>>>
Shares of ArcelorMittal have returned +3.3% over the previous month versus the Zacks S&P 500 composite’s +3.2% change. The inventory at the moment has a Zacks Rank #5 (Sturdy Promote), indicating that it might underperform the broader market within the close to time period.
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